9/4/21 EOS Develops New Laser Technology for Space Debris Mitigation

Electro Optic Systems Holdings Limited (“EOS” or “Company”) (ASX: EOS) has achieved a major breakthrough in laser technology which significantly advances the global effort to mitigate space debris. The innovation involves the use of a Guide Star Laser to allow high speed adaptive optics to form laser beams that can track and move space debris at lower altitudes and faster speeds than ever previously possible. This intellectual property has been developed by EOS in collaboration with the Space Environment Research Centre (“SERC”), and will now be commercialised and owned by EOS, with applications including space debris mitigation and high bandwidth satellite communications.

Disc: I hold

This was on the "today Show" this morning...unfortunately I only saw the snippets to say it was "coming up'

Update to FY 2020 Profit Guidance

Electro Optic Systems Holdings Limited (“EOS” or “Company”) (ASX: EOS) has experienced short term impacts to the EBIT result for FY 2020 ending 31 December 2020, which require the Company to withdraw the previous EBIT guidance of $20-30m. Cash flow for both FY 2020 and FY 2021 is unaffected by these events.

As their shipments to customers have only been delayed, not cancelled, I see this could be a possible buying opportunity. Shares today are currently $6.00, have been as low as $5.75 from prev COB $6.33

Disc:I hold EOS